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Search Results 0 to 38 of about 39 (some duplicates have been removed)
their own banks, including banks in the united states. not worrying enough about what's affecting the people on the ground. but the reality is the united states has skin in this game. a fifth of our export economy is dependent on europe and our exports have recently dropped by 11% because of the trouble in europe. so like it or not, and no matter how we got in this mess, we've got to help solve it. >> jonathan, i made the point earlier that -- >> we're all in this together. that's the dot, dot, dot of what sally was saying. we're all in it together. we got to bail people out, otherwise reality might issue god forbid, assert itself. it always does. all these bailouts have failed. talk about another bailout for greece, greece has already been bailed out two times in the last two years! we have ongoing bailouts to tracy's point, of freddie and fannie, gm, the taxpayers have lost billions. it creates the moral hazard that we talked about, going back to 2007 when this began under the prior to the president. it needs to stop and people need to take responsibility for their own actions. individuals
to us by the congress of the united states which represents the american people. >> what does that mean in terms of numbers? >> 2% growth. >> are we at two? kevin was very careful, he went 1.5 to 1.75. >> that's very precise. >> i want basis points. >> decimal points is silly stuff, come on, joe. >> i know. >> there is positive growth, it's just not robust and the key point, it's not enough to create the jobs we need in this country. now, i argue and i argue forcefully, i'll give a speech on this tomorrow night here in new york, the reason we have so much uncertainty is not just uncertainty about europe and uncertainty about the slowdown in china, these are important things. the real uncertainty stems from what are my taxes going to be? what kind of spending pattern also come out of the federal government, how do i deal with this explosion of regulatory morass we have coming out of washington. how do you budget whether you are exxon or a little bitty 20-person company, how does the woman who runs that company or the man who runs that company budget when they have no idea what their cost
. it will threaten the elimination of israel. the united states will do what we must to prevent iran from obtaining a nuclear weapon. >> reporter: after his remarks, he crossed town to the clinton global initiative where he addressed an issue with potential appeal to evangelical and women voters, human sex trafficking. >> that's slavery. it is barbaric and it is evil and it has no place in a civilized world. >> reporter: wolf, on other top foreign policy concerns, he addressed the crisis in syria, he mentioned the withdrawal of troops from iraq and the draw down from afghanistan and the trouble between israel and the palestinians. but that was all. he essentially was checking the box on all those fronts. and no mention at all of china. in essence, wolf, this was a speech about the two crises that have consumed foreign policy discussion during the u.s. campaign. the tension between israel and iran and now this most recent crisis in libya, wolf. >> with six weeks to go until the election, jessica, tomorrow i take it he's right back out there in the swing states out on the campaign trail? >> reporter:
in the united states has been a nation that respects all faiths. we reject all efforts to denigrate the religious beliefs of others. but there is absolutely no justification in this type of senseless violence. none whatsoever. >> it is obvious that the united states government had absolutely nothing to do with this video. gerri: what you make of this? >> this is disgraceful. we have nothing to apologize for. finally from the white house had to come out and expose their lies that the libyan attack was premeditated, it was a terrorist attack and had nothing to do with the video. the fact of the matter is the apology by the president of the united states, the secretary of state has made us more vulnerable to further attacks, the excuse that they wanted us to believe, and now, our president has been the excuse to be valid for the attacks that we are seeing, not only in libya, but the attacks that we have seen in egypt on our embassy and throughout the middle east. gerri: john, i would like to turn to you. the administration appears to be changing its tune on the cause of this attack. ja
day now. let's take the three big bad/good battlegrounds. china, europe, and the united states. look, we know that china used to be one of the world's great growth engines. it almost singlehandedly kept the global economy afloat during the global recession as the chinese communists figured out how to spur domestic spending. but after playing the role of the world's economic engine for so long, the chinese locomotive seems to be in danger of running off the rails. each piece of data is weaker than the last. so what's good about that? well, much of the slowdown in china seems somewhat self-inflicted. when the pure si realized it overstimulated the economy, governments hit the brakes and in many ways still seems like it's happening. the hope is that the chinese will stop stepping on the brake pedal but start cutting rates, adding real ago taken to the downshift in their economy. how about europe? the european central bank meeting this week and we're expecting to hear some chatter in unison that's going to reverse the declining economies over there and maybe unite to save the spanish ban
to libya, chris stevens. >> the united states condemns in the strongest terms this outrageous and shocking attack. >> reporter: on tuesday, 20 militants, firing ought matting weapons and rocket propelled grenades stormed the american consulate in benghazi. the main building of the consulate was quickly on fire. at least four of the americans are believed to have died from smoke inhalation. no one was shot. for more than five hours, after the attack, the state department could not confirm ambassador stevens' whereabouts. his body was not recovered for 12 hours. >> libyans helped some of our diplomats find safety and carried ambassador stevens' body to the hospital where we trajically learned that he had died. >> reporter: the president emphasized the libya attack was carried out by a rogue group of militants and won't damage the u.s. relationship with the libyan government which vowed its cooperation. a terror group affiliated with al qaeda claimed responsibility for the attack. officials believe it was a pre-planned attack, possibly timed to the september 11th anniversary. and not linked t
able to read that the united states is not as prepared as it should be for this type of cyber attack. >> we're not anywhere where we need to be in terms of a country with respect to preparedness and ultimately in response. the head of cyber command, general keith alexander, i think put it best when asked to evaluate one to ten where the u.s. capability is. he put it at a three. obviously this is not a very good position to be in, especially when you have a number of actors out there. china and russia are very active in terms of computer network exploit. that's espionage in cyberspace. they're increasingly integrating cyber warfare into their military planning and war fighting capabilities. these are all issues we need to take very seriously and we need to enhance our own defensive capabilities as well as invest on the offensive side as we will never firewall our way out of the problem. initiative resides with the attacker. >> is it a money issue? is it an investment of money issue in the infrastructure to combat this kind of crime? or is there something else that the united states sh
here in the united states of america. >> the problem with saying that these are good jobs is the facts don't seem to support it. some of of the jobs were temporary and paid for by the stimulus or perhaps census work or that sort of thing. so they did not last. and some of the jobs are not worth the jobs that we lost. a variety of studies say we lost more middle to upper income jobs an gained more lower level jobs. the simple truth is that the numbers may be technically correct in some of the claims, but when you look at all of the details, there is an awful lot more that needs to be seen. this is tom foreman, charlotte. >>> the b.t. founder bob johnson was not a fn of president obama four years ago, so what has actually changed? we will talk to him live in a moment. on once empty fields. everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. ♪ ♪ ♪ ♪ there's another way to help
their lives because they believe that the united states must be a force for peace and progress in the world. >> jonathan karl, abc news, washington. >> certainly seemed like a good man. president obama said the united states flag will fly at half staff until sunset september 16th. >> 52 years old described as gentle, an idealist. couple stories to relate about chris stevens. john mccain says i guarantee you one thing, chris stevens did not want for us to abandon libya. he was living in a hotel room in benghazi under the threat of death every day, mccain said. he was a brave and wonderful man. he was down to earth. they loved him. another story is that he, wrangled a ride on a greek cargo ship and sailed into the rebel stronghold of benghazi. throughout it all -- >> stayed in a hotel. a car bomb in the parking lot. they had to leave the hotel. this guy really was a brave man. >> again, this was his third tour in libya. and the people really loved him and revered him there. >> stay with abc for the latest. as the events in libya unfold. >> we'll have updates on "america this morning" and late
calling for calm. >> since our founding, the united states has been a nation that respects all faiths. we reject all efforts to denigrate the religious beliefs of others. but there is absolutely no justification to this type of senseless violence. >> the united states government had absolutely nothing to do with this video. we absolutely reject its content, and message. america's commitment to religious tolerance goes back to the very beginning of our nation. >> elsewhere, in iran, a senior cleric reportedly upped the bounty for the killing of author salman rushdie, whose book "the satanic verses" sparked global protests more than two decades ago, after the late imam khomeini declared it an insult to islam. >> yes, it was a stupid film, you know. and the correct response to a stupid film on youtube is to say, it's a stupid film on youtube and you get on with the rest of your life. so, to take that, and to deliberately use it to inflame your troops, you know, is a political act. that's not about religion. that's about power. >> we just returned back to the office from the streets of islama
30 times before it runs out of room to ignite that economy. unlike europe and the united states, the policy makers in china have plenty of room to maneuver, and that fact seems to be endlessly forgotten by the bears who point this out daily. sure, many of their banks are bankrupt. i'm not saying that i don't trust -- hey, they built a ton of bridges and tunnels to nowhere, but never underestimate the problem-solving power of cash on the balance sheet. and china's got cash up the yazoo if not the yangtze for good measure. then there is the united states. here we have the fiscal cliff. the fiscal cliff is something we have moderate control over because it's a question of political will. it can be resolved. anything that can be resolved will be dealt with in some fashion. and i think that's why the stock market has been climbing despite the obvious chasm ahead of us. sure, there are other reasons that could cause the selloff stocks. stocks have had a big run. valuations getting stretched if we have little growth ahead of us. twice in the last month federal express, man, they disapp
that the united states is engaged in a war with islam and that the west is against islam. it's something that western politicians don't like to talk about and don't like to address. but it's what fuels the anger and the rage. and they're able to exploit that very easily, as was evidenced in libya. and that ideology is what is dangerous. so although one particular group may have been involved in planning the attack, the ideology fueling that kind of attack has come from a different place. and it's all over the world. it's a global threat. and some intelligence officials say it's not being dealt with aadequately. >> lara, that's an interesting piece in "the wall street journal" this morning about the ultra conservative islamist group that is a target of u.s. and libyan inquiries, the worry about this threatening the arab spring. how does this change u.s. policy in the middle east, since we've got protests in libya, egypt and now yemen this morning? >> u.s. policy in the middle east has been something of a roll of the dice since the arab spring began. it's been very clear to u.s. officials
claims uncover secrets hidden from everyday americans. >> the united states government give away tens of billions of dollars a year that you never have to pay back. >> misha: billions of dollars that he claims are available, but the government is covering up. >> these are paybacks, so they make sure that the lobbyists and the corporate donors get the free money from the government. >> misha: trudeau should know. >> i'm a former insider who's come out and shared information that the government and various corporations don't want people to know about. >> misha: in fact, the him from appearing on tv, and he fears his book may be next. trudeau's claims on the surface appear outrageous. we figured we'd find out pretty quickly if this is a scam or not by putting them to the test. ...he is claiming there's some $33 billion out there that the government is holding. would you believe me if i told you that there's billions of dollars out there? >> i would think no... that, that sounds nuts. >> i think i'd know if i'm missing money. >> misha: but even more surprising, how simple trudeau says it
you imagine senator rand paul filing a complaint with the supreme court of the united states challenging many things that president obama wants to do and the supreme court hearing those challenges? >> yes, i can-- >> that's very tempting. >> and we don't have that, that system here, we have something called stand in which makes it difficult for you to get the right to challenge the government. in germany, any other member of the government can challenge what the chancellor wants to do. they will probably rule tomorrow and as you said, they will probably permit the government to participate in this. if they don't. you would know better than i what will happen to the euro. >> that's europe. i don't understand why, look, in america, i've always been told that you can sue anybody for anything anytime. why can't any member of the government or any member of citizen of the united states sue the federal reserve and say, hey, we don't want you printing money like that, we don't think you should be. >> the supreme court has already permitted it. not this court, anyone on the court rig
brought back to the united states and welcomed home. >> reporter: romney said he had to delayed the start of his comments so he could watch the ceremony. he then pulled out a card to read the men's names and asked for a moment of silence. >> all of that rage has now spread to 20 countries all over the world. north africa, the middle east to pakistan and india. what we want to do is show you the situation specifically, there we go specifically in tenesia. so far two people have been killed. the american school there was also gutted by fire. and it was more of the same as we move on to the situation in egypt as well. riot police battling with hundreds of protesters just a few blocks from the american embassy in cairo. so far security forces have been able to keep them out of the embassy. one protester has been killed, dozens more have been injured. and coming up in about 12 minutes, we're going to look at how technology is now playing a major role in all of these protests. >>> firefighters revealed new information today about a fire that gutted part of a menlo park school yesterday. as ktvu
the past two years the united states increased its production of crude oil and natural gas liquids by 1.3 million barrels a day. by the end of this year it may be two million barrels a day. that is on a base of five. david: that is enough to move the price in the market? >> that is i am men's. it can -- immense. it can move the price in the market. liz: meaning more energy jobs available. what are the numbers? the obama administration said 600, 700,000 jobs could be created. do you feel that is a ballpark figure? >> that the number for natural gas, 600,000 is for natural gas. oil is probably another two million jobs. combination of these two technologies can bring back more than a third of the jobs that were lost in the great recession. liz: but there would be training involved. just doesn't happen instantaneously, does it? >> no. it happens over time, over two, three, 4-year period. but if you look at the united states economy overall, for every 100, $115,000 of gdp we get one job in this country. for every million barrels of oil you import, you don't, you save, for five million barrel
of the market. it is in the hands of the eflt cb not the hands of united states. >> we should point out tomorrow we will get some sort of plan or are expecting to from the ecb perhaps some details about a bond buying plan of some kind that we're hearing some things about today. the market may be disappointed in that these reports seem to indicate they'd be targeting three years and less in terms of maturity. that they would not have a yield target perhaps, say we're not going to let it go above 7%, and that it would be sterilized purchases. there are some who believe, hey, you need to actually increase the money supply. really if you're going to get things moving in europe but of course the germans are always concerned about inflation and sterilization which basically means they'll try and take in as much in deposits as they buy in bonds. sort of keeping -- >> somebody tweeted this morning fed bernanke needs to show them how you really print money. and, jim, one other facet of this report is that the head of the bach the german still remains the one lone hold out to this bond buying policy meani
's happening in the united states. >> certainly that's going to bring down the large indices and i just wonder if you think in the fourth quarter there will be a put from central banks or from hedge fund managers that have to play catchup or could we look at the last three months last year? >> central banks are obviously very powerful. you know the old saying, don't fight the fed. you have to be very careful. but as you stretch out the time rise and what you find historically is there is no relationship between liquidity and stock market movement. but i think what's much more important is your original question, if the profit cycle continues to decelerate, i think that's what people want to think about and that's what people want to position their portfolios for. i still think personally that you want to look at more defensive sectors which i think are less prone to have these big earnings disappointments right now. >> rich, can you put together these two knows in the market that you want to be in more dmfticily oriented companies and also this other thought in the market that you want to be i
those good things. so you can start ordering them on friday. it starts deliveries in the united states the following friday on the 21st. we'll have more on this coming up all day here. let's get to brian shactman with his market flash. >> thank you very much, bill. there is news out there outside of apple. i want to take a look at dole foods, the iconic brand now a smaller cap company just under $1 billion. right around 1:00, the nikkei reported. the headline and the subheader, they reported a japanese company was acquire two dole food units for $1.7 billion. the subhead says they hope to reach an agreement this month. the price spiked. the stock is up 10%. back to you. >> thank you so much, brian. if world investors are right, get ready for another intervention to boost the economy. >> mean time, we're going to talk about whether it's needed or not. peter says any fed action is not going to help and it's wrong. others say the economy needs it right now. let's talk about it and get your perspective on this. peter, you saw the employment numbers last friday. you don't think we need more
sheet. and china's got cash up the yazoo if not the yangtze is for good mesh. then the united states. here we have the fiscal cliff. the fiscal cliff is something we have moderate control over because it's a question of political will. kit be resolved. anything that can be resolved will be dealt with in some fashion. and i think that's why the stock market has been climbing despite the obvious chasm ahead of us. sure, there are other reasons that could cause the sell of stocks. valuations getting stretched if we have little growth ahead of us. twice in the last month federal express, man, they disappointed. twice, twice. it's been a real tale of woe. [ crying ] and what has happened? frankly, nothing. stock's pretty much unchanged. tonight we got a big disappointment from norfolk southern, the railroad. while the stock is being hit after hours, you know what? i bet you buyers come in and snap it up tomorrow at what will be considered real bargain prices a few weeks from now. that's because in this tape, in this market, disappointing earnings don't necessarily produce disappointing an
. that will prove costly. one thing we want to remember is that the united states went through a period where there was a sharp contraction through government. i am talking about the end of world war ii. since we have this. brief and cutbacks in government spending, the recession was painful but very brief and then we entered into a period of prolonged prosperity. we can't afford deep cutbacks and spending. we cannot afford very big increases by taxation. gerri: big increases by taxation. will that create another recession? there are lots of signs that we are going there already. >> that is true. we had indications of a worsening of business activity in europe and china. this is beginning to hurt u.s. exports. u.s. consumers and businesses, themselves, are shying away from major expenditures, especially business in terms of capital spending until fiscal cliff uncertainties are resolved. we are not going to resolve those uncertainties until we get the election out of the way. that is why these upcoming presidential debates and october will be of the utmost importance and they very much they ha
manufacturing contracting here in the united states. yesterday, we learned it's contracting in the china for the first time since november and in europe, it continues to contract. and yet, you think that the market is well supported here, why? >> i think it's going to be a range bound market. i think right now, we're in the tougher end of the range. there are two things that are supporting the market. one, there is an economic value to entities and so the lbo or acquisition value is providing support. to the extent companies return cash to shareholders, that offers some support. >> do you see many acquisitions in the market at the moment? >> no, and that's one of the things that's been surprising and disappointing at the same time. it's interesting. there are areas of the market where you've seen capital flow to economic opportunity. for example, buying single family homes to rent them out. which is an arbitrage that was made available by the decline housing prices you haven't seen a comparable level of activity on the corporate side, which is surprising. there are a couple of opportunit
of years here in the united states, no matter who's in charge. others think we're headed well down from here. how do you see it? how are you kind of playing this out? >> i really see that the u.s. has one of the most dynamic economies. a lot of entrepreneurs that can always figure out where else to take their companies. and i think this is -- we have seen that in shell gas, where shell gas went from nowhere to 50, 60, now 80 billion cubic meters of annual production. it's unbelievable. and i think this is something that, you know, we do believe in the u.s. economy in the fact that, you know, u.s. cooperations will always come up with new ways of satisfying that demand. >> andrei, thank you. >> thank you. >>> coming up, the jobs report could become a political football on the campaign trail. new england patriot president jonathan kraft will join us with a unique indicator. first, what happens when you send a conservative free market economist to the dnc with a microphone? peter shift found out and he'll join us live at 6:50 a.m. here's a little preview of that. >> how about a cap on prof
of would happen if the united states goes over the fiscal cliff. they have to engage in sequestration, or massive budget cuts. by the numbers, here's what in the proposal they put out today starting with a 9% cut to most pentagon programs. customs, the faa, and food inspection services. exempt from the cutbacks are social security, medicaid and also many veterans benefits. earlier today, white house spokesman jay carney said that the white house hopes it never has to put this plan into place. take a listen. >> sequester was designed to be bad policy,n n tn to to be one and to be objectionable to both republicans and democrats. >> now, maria, what the white house is saying also, senior officials here in a briefing earlier today they hope now that some of these painful cuts are laid out, this could help marshal support from republicans to do something about the fiscal cliff before it hits at the end of this year. obviously, there's a big election between now and then. >> oh, yeah. thank you so much. worries those budget woes and tax hikes could come to pass are among the reason busines
by examining 113 indicators from official data sources and polling 15,000 executives. united states continued a four-year slide to the seventh spot. separately, a judge ruling amr can abandon its pilot's union contract. saying the bankrupt parent of american airlines corrected certain issues that caused him to reject the same request in the past. amr is trying to save more than $1 billion a year in labor costs. it can unilaterally impose work terms on its pilot, all is happening as talks between amr and u.s. air continue. >>> in the meantime, a very complicated story. we've been trying to follow the twists and turns. the fbi now says there is no evidence to support claims that hacking group anonymous infiltrated an fbi agent's laptop and lifted data for more than 12 million apple products. however the front page of "the financial times" lays it out and says hackers embarrass apple with this data release. there were over a million different devices, numbers were published online. this is a story that has many odd twists. the hackers said they would not give any interviews about this breach unt
a month or so and you see iron ore stocks, you see machinery stocks in the united states and other parts of the world rally off the back of this notion of china stimulus, are all those things built on false expectations? >> we need to look at those charts. and most of those charts have fallen very sharply in the last two months. so what we experience through our trading book on friday with short coverings, we didn't see long-only investors coming in and buying stocks this morning. what i do think is different and you've highlighted that asia has recovered -- talking about a recovery -- the local investors do seem to be more excited by this new story than we've seen for some period of time. particularly noting that cement stocks rallied quite hard today in shanghai. so that is interesting that the local investors are somewhat more enthused about this story than we've seen for months. >> okay. adrian, thank you so much for phoning in. we appreciate it. adrian mowat of jpmorgan. >>> it's interesting this morning that stocks are essentially hanging on to the sharp gains that they made last w
camera again is everybody wants equal opportunity and fairness in the united states. it's just when that breaks down and you don't think it's fair. and you know what else plays into it? is corporate cronyism and the kablt ability to succeed but not to fail. we talk about these things in a perfect world. and it's not perfect. and that's when we get things that need to be rectified and people feel like they're getting screwed, basically. >> no, there's a feeling, and the feeling is enhanced in a downturn, a bubbly economy is when people feel better. i have to add these problems may seem, you know, to be challenges for us. they're big challenges in other places. >> worse than here. >> oh, yeah. india has had momentum stall and a loss of investor confidence from some really dumb stuff. >> you think we can get our mojo back, mike? >> oh, yeah. >> you do? >> yeah, i think so. partly because there's so many parts of the economy on the private sector side that are dynamic and functioning fine. i think people will get motivated and get back in the game. the real question marks frankly on our
Search Results 0 to 38 of about 39 (some duplicates have been removed)